Loan Prepayment CalculatorSave Lakhs in Interest
See the powerful impact of part payments on your home loan. Calculate how much you can save and become debt-free faster.
Loan Details
20.0 years
Add Part Payments
Plan your prepayments and see massive savings instantly
Your Prepayments:
₹2,00,000
Month 12 (1.0 years)
₹2,00,000
Month 24 (2.0 years)
Year 3.0
Enter loan details to see results
Master Loan Prepayment Strategy
Your complete guide to becoming debt-free faster while saving lakhs in interest
Why Prepay?
Massive Interest Savings
Save 30-40% of total interest with regular prepayments
Become Debt-Free Faster
Reduce your loan tenure by 5-10 years
Financial Peace
Lower debt burden improves credit score and financial health
Wealth Building
Money saved on interest can be invested elsewhere
When to Prepay?
The earlier you prepay, the better. Here's why:
Early prepayments reduce the principal significantly
Lower principal means less interest in subsequent EMIs
Maximum benefit in first 5-7 years of loan
After 50% tenure, prepayment benefit reduces
Prepayment Strategy
Annual Bonus
Allocate 50-70% of annual bonus toward prepayment
Tax Refunds
Use tax refunds for prepayment
Increment
Increase EMI by 10-15% annually
Windfalls
Sale proceeds, inheritance toward loan closure
Prepay vs Invest?
Should you prepay or invest? Consider:
High Returns Available
If investment returns > loan interest: Invest
Need Guaranteed Returns
Prepay (saves guaranteed interest)
Balanced Approach
60% prepayment, 40% investment